Starlink, the satellite internet service provider owned by Elon Musk, has become Nigeria's second-largest internet service provider (ISP) in just two years, according to data from the Nigerian Communications Commission (NCC). Despite its high hardware costs, Starlink has managed to grow its active user base to 65,564 in Nigeria, surpassing FibreOne and trailing only Spectranet in the country's core ISP market.

However, Starlink's growth in Nigeria may be threatened by its recent decision to double its monthly subscription costs for Nigerian customers in January 2025. This move could potentially dampen its appeal to Nigerian customers, who may turn to telecom operators as a more affordable alternative. Telecom operators in Nigeria have a wider broadband reach and offer dual utility as mobile network operators, making them a strong competitor to Starlink.

In other news, Flutterwave, a Nigerian fintech giant, is eyeing a listing on the Nigerian Stock Exchange (NGX). The company, last valued at $3 billion, would become one of the most valuable companies on the NGX if it proceeds with the listing. However, questions remain about whether the NGX can provide the type of exit that dollar-based investors seek. Flutterwave's decision to list on the NGX may be part of a broader dual-listing strategy or a shift in the company's long-term vision.

In Kenya, boda boda riders are threatening to go on strike over a proposed regulation that would require them to register their vehicles, show ownership, and put trackers on their motorcycles. The riders claim that some provisions in the bill are impractical and could put them out of business. The regulation is an attempt to curb reckless riding, protect riders, and improve public safety, but the riders fear that it would lead to government surveillance and additional costs.

The proposed regulation could impact three million riders, many of whom rely on this work for their daily income. The regulation would also affect food delivery startups that employ boda boda riders to deliver customer orders. A compromise between Kenyan lawmakers and boda boda riders is necessary to achieve the goals of the regulation while also protecting the livelihoods of the riders.

In other news, a federal high court in Lagos has ordered the forfeiture of properties linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, following a motion filed by the Economic and Financial Crimes Commission (EFCC). The assets, worth millions of dollars, were allegedly connected to companies and individuals close to Emefiele and are believed to be proceeds of unlawful activities.

The implications of this ruling are significant, reflecting Nigeria's growing effort to tackle high-level corruption, regardless of the status of the person standing trial. It could give a whole makeover to the anti-graft agency, EFCC, which has faced criticism for turning a blind eye to the misdeeds of influential people in the country.

Finally, the ATCG Abuja 2025 Convening, themed "From Potential to Practice—Accelerating AfCFTA Implementation for African Tech and Creative Sectors," will be held from February 24-25, 2025. The event will feature a ministerial roundtable and provide a platform for game-changing insights, powerful partnerships, and high-energy discussions that challenge boundaries and unlock new opportunities across the continent.